Germany's EM.TV has sold its stake in production company Constantin Film to Highlight Communications for Euros 7.5m.

Swiss media concern Highlight Communications will increase its stake in Constantin Film's ordinary capital from 25% to 41.4% after signing a purchase agreement with EM.TV & Merchandising for 2,083,333 Constantin shares at a price of Euros 3.60 per share.

According to statement, Highlight "will issue a public offer to the other shareholders of Constantin Film AG in accordance with the regulations of the German securities purchasing and takeover law" after the transfer of shares.

In addition, Highlight will grant EM.TV a single digit Euro million secured loan at market terms until the end of this year. EM.TV will use the loan to finance the purchase of the German sports channel DSF, Sport1 and PLAZAMEDIA.